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Is Solana Positioned to Reach $420 Despite Volatility?
- Solana (SOL) is testing resistance as a bullish cup-and-handle pattern forms.
- SOL's social engagement and derivatives activity contribute to optimistic market sentiment.
- A potential breakout above a key supply zone could lead to a price rally towards $420.
- However, failure to breach the resistance may result in a pullback to $230 or lower.
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